Securities / Derivatives

Enforcement

US Authorities Investigating Short Sales of Banking Stocks

By Editors | 09/05/2023

SEC chair Gary Gensler said the agency would go after any form of misconduct that might threaten investors or markets.

Securities / Derivatives

HSBC Strikes Deal to Buy Out China Fund Management JV

By Editors | 09/05/2023

HSBC has reportedly signed an agreement to raise its stake in the joint venture from  49 to 100 percent, subject to regulatory approval and other conditions.

ESG / Sustainability

SEBI Enhances Disclosure Requirements for Transition Bonds

By Editors | 08/05/2023

Transition bonds were added to SEBI’s framework for green debt securities in February. The additional disclosures seek to ensure funds raised are not misallocated.

Enforcement

Singapore Lays Three More Charges Against Hyflux Founder

By Editors | 07/05/2023

Singapore’s Public Accountants Oversight Committee has also issued orders against Hyflux auditors from KPMG LLC for five years of financial statements.

Securities / Derivatives

China: AMAC Proposes Additional Requirements for Private Securities Funds

By Editors | 07/05/2023

PE funds must have at least 10mn yuan under management to remain in operation. Firms with more than 2bn yuan under management will have to undergo regular stress tests.

Enforcement

UK FCA Fines Banque Havilland for Alleged Manipulative Trading

By Sanday Chongo Kabange | 06/05/2023

Banque Havilland employees including the CEO created and distributed a document containing “manipulative trading strategies” aimed at harming Qatar’s economy.

Fintech / Regtech

AI Ethics: A Framework for Investment Professionals

By Siva Ramachandran | 06/05/2023

CFA Institute’s Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.

Enforcement

FSS Korea Uncovers First “Malicious” Cases of Naked Short Selling

By Editors | 06/05/2023

The FSS uncovered cases where market participants deliberately short-sold securities without first borrowing the stock in a bid to “maximise trading profits”.

Market Infrastructure

Regulators Announce 15 May Launch Date for Swap Connect

By Editors | 06/05/2023

Swap Connect will allow overseas investors to trade in Mainland interest rate swap contracts on CFETS via Tradeweb and Bloomberg.